Supply chain woes from Covid and energy may spark ’70s-style inflation, economist Stephen Roach warns

CNBC/Stephanie Landsman

“The former Morgan Stanley Asia chairman is worried that the impact of energy price spikes on China’s struggling supply chain will be the tipping point.”

USAGOLD note: Even the Fed has conceded that “transitory” inflation might be with us for awhile. What Roach is expecting, though, is something far more deleterious. We are one supply glitch, he says, away from stagflation. More at the link……

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